W 
0.58
—
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$347.7m
FY2020FY2025
Net income
HK$16.1m
FY2020FY2025
Free cash flow
HK$14.4m
FY2020FY2025
Shareholders' equity
HK$269.1m
FY2020FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Revenue | HK$347.7m | HK$398.5m | HK$370.2m | HK$336.4m | HK$228.8m | HK$324.3m |
| Gross profit | HK$46.7m | HK$71.4m | HK$70.9m | HK$66.0m | HK$34.5m | HK$54.1m |
| Operating income | HK$19.8m | HK$39.6m | HK$34.1m | HK$46.8m | HK$21.4m | HK$43.9m |
| Net income | HK$16.1m | HK$31.5m | HK$25.2m | HK$39.3m | HK$17.3m | HK$36.7m |
| Diluted earnings per share | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Total assets | HK$311.9m | HK$313.3m | HK$257.1m | HK$201.4m | HK$154.1m | HK$166.4m |
| Cash and short-term investments | HK$113.9m | HK$109.5m | HK$11.0m | HK$72.6m | HK$11.7m | HK$14.5m |
| Total liabilities | HK$42.7m | HK$59.9m | HK$120.8m | HK$70.8m | HK$56.3m | HK$85.3m |
| Debt | HK$6.4m | HK$12.8m | HK$12.9m | HK$19.2m | HK$7.3m | HK$16.9m |
| Shareholders' equity | HK$269.1m | HK$253.4m | HK$136.2m | HK$130.6m | HK$97.8m | HK$81.1m |
| Shares outstanding | 2,000m | 2,160m | 1,500m | 1,500m | 2,000m | 2,000m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Cash from operations | HK$19.3m | HK$24.7m | −HK$23.0m | HK$78.8m | HK$11.5m | HK$8.5m |
| Capital spending | −HK$4.8m | −HK$17.0m | −HK$1.4m | −HK$318,000 | −HK$1.1m | −HK$3.7m |
| Free cash flow | HK$14.4m | HK$7.7m | −HK$24.4m | HK$78.4m | HK$10.3m | HK$4.8m |
| Dividends paid | — | −HK$10.0m | −HK$20.0m | −HK$8.0m | — | −HK$8.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$43.9m | HK$43.9m | HK$91.1m | HK$91.1m | HK$82.8m | HK$82.8m | HK$113.4m | HK$113.4m |
| Gross profit | HK$690,000 | HK$690,000 | HK$10.5m | HK$10.5m | HK$12.8m | HK$12.8m | HK$19.4m | HK$19.4m |
| Operating income | −HK$5.7m | −HK$5.7m | −HK$6.6m | −HK$6.6m | HK$6.6m | HK$6.6m | HK$11.2m | HK$11.2m |
| Net income | −HK$5.8m | −HK$5.8m | HK$2.6m | HK$2.6m | HK$5.4m | HK$5.4m | HK$9.0m | HK$9.0m |
| Diluted earnings per share | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | — | — | HK$1.0m | HK$1.0m | HK$8.0m | HK$8.0m | HK$5.0m | HK$5.0m |
| Capital spending | — | — | −HK$1.0m | −HK$1.0m | — | — | −HK$7.0m | −HK$7.0m |
| Free cash flow | — | — | HK$0 | HK$0 | — | — | −HK$2.0m | −HK$2.0m |
| Total assets | HK$526.4m | HK$526.4m | HK$311.9m | HK$311.9m | HK$311.6m | HK$311.6m | HK$313.3m | HK$313.3m |
| Cash and short-term investments | HK$329.4m | HK$329.4m | HK$113.9m | HK$114.9m | HK$121.2m | HK$121.2m | HK$109.8m | HK$109.5m |
| Debt | HK$2.7m | HK$2.7m | HK$5.8m | HK$5.8m | HK$12.5m | HK$11.3m | HK$12.8m | HK$10.3m |
| Shareholders' equity | HK$257.3m | HK$257.3m | HK$269.1m | HK$269.1m | HK$263.9m | HK$263.9m | HK$253.4m | HK$253.4m |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 13.4% | 17.9% | 19.2% | 19.9% | 15.5% | 17.0% |
| Operating margin | 5.7% | 10.1% | 9.3% | 13.9% | 9.4% | 13.5% |
| Net margin | 4.6% | 7.9% | 6.8% | 11.7% | 7.6% | 11.3% |
| Return on equity | 6.0% | 12.4% | 18.5% | 30.1% | 17.7% | 45.2% |
| Return on assets | 5.2% | 10.1% | 9.8% | 19.5% | 11.2% | 22.1% |
| Free cash flow yield | 1.7% | 2.0% | -2.6% | 9.1% | — | — |
| Revenue growth | -12.7% | 7.6% | 10.1% | 47.0% | -29.5% | — |
| Earnings growth | -48.8% | 25.0% | -35.8% | 126.5% | -52.8% | — |
| Current ratio | 6.60x | 4.81x | 1.98x | 2.79x | 2.49x | 1.77x |
| Debt to equity | 0.02x | 0.04x | 0.09x | 0.11x | 0.07x | 0.18x |
| Equity ratio | 86.3% | 80.9% | 53.0% | 64.8% | 63.5% | 48.8% |
| Interest coverage | 49.71x | 69.47x | 51.84x | 108.04x | 40.80x | 88.55x |
| Buybacks as a share of market value | 7.4% | -44.0% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.1% | 1.4% | — |
| Operating income | -24.9% | -14.7% | — |
| Net income | -25.7% | -15.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.8% | 17.6% | 17.1% | — |
| Operating margin | 8.0% | 9.7% | 10.3% | — |
| Net margin | 6.4% | 7.7% | 8.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | |
|---|---|---|
| Price to earnings | 70.0 | 26.6 |
| Price to sales | 3.2 | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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